In Early Trade, The Rupee Is Trading Flat Against The US Dollar
On Tuesday, the rupee opened flat versus the US dollar, owing to a lackluster trend in domestic equity markets and continued foreign capital outflows The rupee opened sluggish versus the dollar at 77.56 on the interbank foreign exchange, before becoming volatile and trading in a narrow range of 77.56 to 77.51. The native currency was […]
The Dollar Takes A Break As US Yields Drop Ahead Of CPI
The US dollar’s rally came to a halt as the DXY index dropped to 103.5 before the release of April’s US Consumer Price Index (CPI) numbers, while Treasury yields fell as investors switched away from a turbulent stock market amid fears about global growth and a potential inflation peak The Japanese yen (JPY) and Swiss […]
India’s Foreign Exchange Reserves Have Plummeted By $1.7 Billion, Reaching A one-Year Low
According to Reserve Bank of India (RBI) data released on Friday, India’s forex reserves fell by USD 1.774 billion to USD 595.954 billion for the week ended May 6 due to a drop in core currency assets Overall reserves fell by USD 2.695 billion to USD 597.728 billion in the preceding reporting week, dropping below […]
As investors seek safe haven assets, the rupee hits a new all-time low
The rupee struck a new all-time low versus the dollar in early trade on Tuesday, trading at 77.78/$, as the dollar strengthened against other foreign currencies, prompting investors to seek safe haven assets This is the second trading session in a row that the Indian currency has dropped to new lows. The rupee. touched an […]
Today’s gold price is Rs 51,490 per 10 gramme, with silver at Rs 60,800 per kilogramme
On Friday, the price of 10 grammes of 24 carat gold increased by Rs 490 to Rs 51,490, while the price of 1 kilogramme of silver increased by Rs 400 to Rs 60,800 On Friday, the price of 10 grammes of 22 carat gold increased by Rs 450, bringing the price to Rs 47,200. The […]
Rupee falls to a new intraday low, but recovers when RBI intervenes
The rupee struck a new intra-day low on Thursday, breaching the 77.5/$ barrier, as the US dollar strengthened, before th intervened to aid its .The rupee finished the day at 77.43 per dollar, down 18 paise or 0.24 percent from its previous close of 77.24 per dollar As the dollar strengthened, the rupee dropped to […]
Rupee falls to a new low of 77.58 against the US dollar
The Indian rupee fell to a new record low against the US dollar on Thursday, echoing losses across Asian rivals. The drop in global and local shares following the US inflation report pointed to more aggressive Fed tightening amid deteriorating investor confidence hit down by the global economic slowdown The currency began trading at 77.56 […]
To protect the rupee, the RBI may be cautious about spending FX reserves
Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are shifting and the Fed is expected to increase throughout the year To save ammunition amid a broad dollar surge spurred by expectations […]
In early trade, the rupee rose 17 paise to 77.17 against the US dollar
In early trade on Wednesday, the rupee rose 17 paise to 77.17 against the US dollar, as the American currency fell from its recent highs The rupee began at 77.24 versus the dollar on the then gained further ground to quote at 77.17, up 17 paise from the previous close. The rupee also hit a […]
As crude oil prices rise, the rupee falls to an all-time low of 77.42 per dollar
The Indian rupee has broken over the 77-per-dollar barrier for the first time, owing to rising and a growing trade deficit The rupee was trading at 77.32 per dollar, 41 paise lower than its previous cloese lkThe US Federal Reserve’s hawkish posture has resulted in higher US bond yields, with the dollar index reaching a […]